News and Updates

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SBA Expands 504 Debt Refinance Program

The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
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October 2024 SBA 504 Interest Rates

25 Year Term 6.03% 20 Year Term 6.10% 10 Year Term 5.82% The October 2024...
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SomerCor Hosts Federal Elected and Government Officials to Showcase Hispanic Business Growth

SomerCor, a non-profit Small Business Administration (SBA) 504 lender, proudly hosted SBA Regional Administrator, Geri...
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Daily Herald: SBA 504 Financing for Ground-Up Construction

Businesses across every industry are looking for the ideal space that supports operational efficiency, employee...
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September 2024 SBA 504 Interest Rates

25 Year Term 5.76% 20 Year Term 5.83% 10 Year Term 5.87% The September 2024...
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August 2024 SBA 504 Interest Rates

25 Year Term 6.04% 20 Year Term 6.11% 10 Year Term 6.48% The August 2024...
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Daily Herald: Close CRE Deals with the SBA 504 Loan

The commercial real estate market continues to find its footing after the pandemic. Business owners...
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July 2024 SBA 504 Interest Rates

The July 2024 SBA 504 debenture pricing was competed on July 11, 2024. 25 Year...
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SBA 504 Program Update: Green Energy Loans

Effective April 30, 2024, the Small Business Administration (SBA) removed the $16.5 million cap on...
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May 2024 SBA 504 Interest Rates

The May 2024 SBA 504 debenture pricing was competed on May 9, 2024. 25 Year...

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